Sleep Number Corporation (NASDAQ:SNBR) currently has a daily average trading volume of 504.29K but it saw 841113 shares traded on Wednesday. With a market cap of 425.48M USD, stock’s current market price of $18.81 came falling about -2.94 while comparing to the previous closing price of $19.38. In past 52 weeks, the stock remained buoying in the range of price level as high as $50.61 and as low as $18.50. In the recent trading on the day, stock has struck highest price mark of $19.45 while lowest mark touched by it was $18.53.
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Taking a look at 20-day trading activity of Sleep Number Corporation (SNBR) gives us an average price of $21.23, while its current price level is -62.83% below from 52-week high level whereas it is 1.68% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $25.02 while that of 200 days or SMA-200 reads an average of $32.08. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.20% during that period while stretching the period over a month that increases to 6.19%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 27.65 which implies that the stock is in oversold territory.
Sleep Number Corporation (SNBR)’s stock is currently under the radar of 5 analysts who are in consensus at a 12-month price target range of between $27.00 and $31.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $27.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $31.00. Average price target assigned by them is $29.33 which highlights an upside potential of 35.87% for the stock over that period. And to attain the median price target of $30.00 assigned by those analysts, stock has to add about 37.3% of value to its current levels.
Data by FactSet Research shows that 5 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 4 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, SNBR’s stock price is moving -5.57% down while it is -25.09% when we observe its performance for the past one month. Year-to-date it is -27.60% down and over the past year, the stock is showing a downside performance of -57.34%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.51 beat the consensus estimate of $0.3 for the same. The company is expected to be releasing its next quarterly report in 07/26/2023, for which analysts forecasted an EPS of -$0.07 while estimate for next year EPS is $1.41. For SNBR, analysts are forecasting an EPS-growth rate of -11.90% for current year and estimate for EPS growth in next year is 49.60%. In next quarter, company is expected to be making quarterly sales of $539.89 million as analysts are expecting the sales for current fiscal year at $2.03 billion and seeing the company making $2.12 billion in sales next year. Moreover, analysts are in estimates of $466.43 million for current-quarter revenue.
Currently, Sleep Number Corporation’s total number of outstanding shares is 22.30M with 4.97% of that held by the insiders while 103.26% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 259.80% and return on equity (ROE) at -10.60%. It has a price to earnings ratio (P/E ratio) of 9.29 while having a 8.91 of forward P/E ratio. Stock’s beta reads 1.83. Stock has a price to sale or P/S ratio amounts to 0.20. Its return on asset (ROA) is 4.80% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.16% in the Sleep Number Corporation (SNBR) decreasing its stake to 7.25% with control over 2550.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF shunned 1,596,814 of company’s common stock of worth $36.01 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in Sleep Number Corporation, as Kempen Intl Funds – Global Small dumped 782,231 shares of worth $17.64 million to bring its holdings to a total of 12500.0 shares.
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